Fortis Advisors LLC boosted its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 107.0% during the 4th quarter, HoldingsChannel reports. The firm owned 211,911 shares of the company’s stock after buying an additional 109,538 shares during the quarter. Schwab U.S. TIPS ETF makes up about 3.6% of Fortis Advisors LLC’s investment portfolio, making the stock its 6th largest position. Fortis Advisors LLC’s holdings in Schwab U.S. TIPS ETF were worth $5,474,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Salem Investment Counselors Inc. raised its position in shares of Schwab U.S. TIPS ETF by 91.8% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock worth $27,000 after buying an additional 506 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Schwab U.S. TIPS ETF during the 3rd quarter worth about $63,000. Fairscale Capital LLC bought a new stake in shares of Schwab U.S. TIPS ETF during the 2nd quarter worth about $105,000. CWM LLC raised its position in shares of Schwab U.S. TIPS ETF by 13.9% during the 3rd quarter. CWM LLC now owns 2,810 shares of the company’s stock worth $151,000 after buying an additional 344 shares in the last quarter. Finally, Cannon Financial Strategists Inc. bought a new stake in shares of Schwab U.S. TIPS ETF during the 3rd quarter worth about $200,000.
Schwab U.S. TIPS ETF Stock Performance
SCHP stock opened at $25.72 on Tuesday. Schwab U.S. TIPS ETF has a 52 week low of $25.46 and a 52 week high of $26.96. The firm’s 50-day moving average is $26.08 and its two-hundred day moving average is $26.30.
Schwab U.S. TIPS ETF Company Profile
The Schwab U.S. TIPS ETF (SCHP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value weighted index of US Treasury inflation-protected securities with at least one year remaining in maturity. SCHP was launched on Aug 5, 2010 and is managed by Charles Schwab.
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Want to see what other hedge funds are holding SCHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report).
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